Businesses in Hanoi Asked to Pay VND4 Trillion in Tax Due

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Dec. 29 – Businesses in Hanoi still owe more than VND4 trillion in taxes this year, and the government has urged them to pay it back.

Thai Dung Tien, deputy head of Hanoi Tax Department, said that around 86.5 percent of the taxes (VND3.5 trillion) is collectable. However, 3 percent of the money will prove difficult to collect and the status of the remaining 10.5 percent is unclear.

Businesses that have not completed their tax payment this year will likely begin to receive increasing pressure from the local authorities. Not only has the Hanoi Tax Department been working on categorizing and analyzing tax debts since early this year, it has also ordered local authorities to push for the actual implementation of tax repayment.

It is estimated that the total tax revenue of Hanoi will reach VND114.9 trillion, up 19.9 percent compared to last year.